Copper Prices Drop On Recession Fears

Copper prices fell this week to their lowest point in at least a year and a half amid fears that long-term weakness in the global economy will bring reduced demand.

On Wednesday, Oct. 8, copper spot prices on the Comex division of the New York Mercantile Exchange closed at $2.3665 per pound and futures contracts for December delivery were $2.3550, a drop of about 7 percent on the day for both. Three-month copper contracts on the London Metal Exchange posted their second-largest one-we

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